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Hillsborough County approves $3,000,000 stormwater commitment for Progress Village development
Summary
The county approved a conveyance agreement obligating MMI Development Inc. to provide $3,000,000 for additional stormwater capacity and floodplain mitigation for a multifamily development in Progress Village; the agreement also includes pathways, signage and other community enhancements.
Hillsborough County commissioners on March 4 approved a conveyance agreement with MMI Development Inc. that requires the developer to provide an additional $3,000,000 to expand stormwater capacity and to fund floodplain mitigation beyond what the development would otherwise be required to provide.
The contribution is tied to a proposed multifamily housing project in Progress Village and, according to county communications, includes construction of pedestrian pathways, signage and other community enhancements intended to serve residents of the development and nearby neighborhoods.
Katie, with Hillsborough County Communications and Digital Media, summarized the action and said the agreement is intended to bolster flood risk management for the site and its surroundings. "The agreement obligates MMI to provide an additional $3,000,000 for stormwater capacity and additional floodplain mitigation beyond what would be required for the development," Katie said.
The county did not provide vote tallies or the motion text in the meeting recap, and the conveyance agreement's detailed schedule, timing and construction milestones were not specified in the transcript. The board approved the item as part of routine business on March 4.
The item is expected to affect Progress Village neighborhoods vulnerable to flooding; further implementation details and project timelines were not provided in the county's recap.
